Capital Advisors Inc. OK raised its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,326 shares of the ride-sharing company’s stock after buying an additional 11,400 shares during the period. Capital Advisors Inc. OK’s holdings in Uber Technologies were worth $31,485,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock valued at $18,695,502,000 after acquiring an additional 1,277,322 shares in the last quarter. Northern Trust Corp grew its position in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. Capital World Investors increased its holdings in Uber Technologies by 1.1% in the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock worth $1,667,121,000 after purchasing an additional 182,976 shares in the last quarter. Legal & General Group Plc increased its holdings in Uber Technologies by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company’s stock worth $1,311,457,000 after purchasing an additional 867,719 shares in the last quarter. Finally, Boston Partners raised its position in Uber Technologies by 2.9% in the third quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company’s stock valued at $923,919,000 after purchasing an additional 263,824 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Up 2.9%
Shares of UBER stock opened at $71.92 on Wednesday. The stock has a market cap of $146.93 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 6.40 and a beta of 1.22. The stock has a 50-day moving average of $74.95 and a 200-day moving average of $84.73. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber increased its stake and is ramping Level?4 robotaxi operations with WeRide in Dubai — a concrete step toward monetizing its AV strategy and lowering long?term ride costs. Uber increases stake in WeRide as robotaxi partnership ramps up in Dubai
- Positive Sentiment: Uber agreed to buy Blacklane to bolster its high?end “Elite”/chauffeur offering, expanding addressable market in premium and corporate travel. The deal should help mix and monetization over time. Uber is buying Berlin startup Blacklane to bolster its ‘Elite’ offering
- Positive Sentiment: Market commentary and upgrades (including a Seeking Alpha upgrade and Jim Cramer support) are boosting investor sentiment by framing recent pullbacks as buying opportunities given accelerating delivery growth and AV partnerships. What The Market Got Wrong With Uber (Rating Upgrade)
- Neutral Sentiment: Wells Fargo trimmed its price target from $100 to $95 but kept an Overweight rating — a modest analyst calibration rather than a change in overall bullish stance. Uber Price Target Cut by Wells Fargo to $95 Due to Autonomous Vehicle Impact
- Neutral Sentiment: Platinum Asset Management calls UBER a “battleground” company in its fund letter — highlighting mixed views among active managers about execution vs. runway. Platinum International Fund: “Uber Technologies (UBER) is a ‘Battleground’ Company.”
- Negative Sentiment: Operational risk: Uber Eats delivery robots were vandalized in Sheffield, underscoring rollout and regulatory/PR risks for physical automation deployments. Uber Eats delivery robots vandalised in Sheffield
- Negative Sentiment: Macro/headline risk: rising fuel costs (reported in driver anecdotes) squeeze driver economics and could pressure supply or require higher incentives in the near term. It used to cost this Uber driver about $25 to fill up her Corolla. The Iran War has her trying on $40 for size
Insiders Place Their Bets
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer owned 28,742 shares of the company’s stock, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.70% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on UBER. Citizens Jmp raised Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Wednesday, February 4th. Canaccord Genuity Group set a $72.00 price objective on shares of Uber Technologies in a report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, March 11th. DA Davidson reduced their target price on shares of Uber Technologies from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Truist Financial set a $108.00 price target on shares of Uber Technologies in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $105.14.
View Our Latest Report on UBER
Uber Technologies Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
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